The White House has called for the development of standards for crypto mining and its impact on the environment.
| September 08, 2022 | September 8th |
| | | 📈 30 Second Cryptocurrency Price Summary |
| Bitcoin price reclaimed the $19,000 mark again yesterday, as price bounced back from a tough day of trading. Bulls are currently defending $19,000 support, as price slides from yesterday's highs. |
| Top-20 altcoins appear to be performing well, as Ethereum gains 5% over the last 24 hours, BNB rises 4% and XRP gains 2%. |
Top Stories for September 8, 2022 🔥 |
| The White House has called for the development of standards for crypto mining and its impact on the environment, in a report published by the Office of Science and Technology Policy. |
| The report seeks to research and set standards on the intensity and source of energy used, noise pollution, water usage and potential carbon-free energy that can be used in the industry. |
| If the measures prove ineffective at reducing the impact of crypto mining, the report states that the Administration should explore executive actions limiting energy use for crypto mining purposes. |
| Federal Reserve Chair Jerome Powell has called for legislation on stablecoins, saying that they must be “appropriately regulated” to play a role in the financial system. |
| Powell says stablecoins should provide consumers with transparency and full reserves of quality, liquid assets. The comments come after a failed summer push to release a draft stablecoin bill. |
| Crypto exchange Bitpanda has added commodities trading to its platform, enabling users to speculate on instruments including oil, wheat and natural gas. |
| Bitpanda CEO Eric Demuth says that the line between traditional finance and decentralized finance is becoming more and more blurred, with speculators wanting to trade multiple asset classes simultaneously. |
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